TODAY, LIGHT SWEET OIL TRADED BELOW $100

*******UPDATE: YES: WE SCOOPED DRUDGE AND BREITBART/AP ON THIS BY ALMOST AN HOUR!

Future	Date	Open Interest	Price	Change		Low		High
Light sweet crude New York Mercantile Exchange	Oct '08	182,319	100.78 $/barrel	–0.09	Daily	99.99		102.89

• IT WENT UP A BIT FROM THERE - MOSTLY DUE TO IKE AND TO SABER RATTLING FROM PUTIN AND CHAVEZ. (THIS IS PARTLY WHY THEY DO WHAT THEY DO.)

• BOTTOM-LINE: OIL IS COMING DOWN AND THERE'S NOTHING PUTIN OR OPEC OR CHAVEZ CAN DO ABOUT IT.